Every trade is a calculated risk entry.
Most people lose $$, your primary aim is not to lose $$, Winning $$ is a bonus.
There are 3 fears trader have:
1) Fear of losing - As long you set your cut loss point, you have nothing to fear.
2) Fear of losing Profit - At most don't win anything. Winning is just a bonus.
3) Fear of Winning not enough - Do not be greedy.
Wednesday, August 4, 2010
Lesson Learn : Have patience with Winners and impatience with Losers
You can't win all the times, infact you will lose alot of times. Always cut loss losers quickly and let winner runs. Bought Swiber at 1.07 some times back because it breaks 1.07 but it can't seems to cheong and range from 1.05-1.07, so decided to cut at 1.06 at due date. Although it is lose 100+, it keeps your mind off thinking about this loser when trading. Healthy Mental health and morale is very important. True enough, next day it went to 1.03.
Bought SoundGlobal at 0.79 because it breaks 0.78. Sold 0.820 the next morning. By the next day, it went 0.845. Gap fill thoery target is at 0.85. I should have hold winners longer because I already have buffer. The worst case scenario is don't win anything.
Bought SoundGlobal at 0.79 because it breaks 0.78. Sold 0.820 the next morning. By the next day, it went 0.845. Gap fill thoery target is at 0.85. I should have hold winners longer because I already have buffer. The worst case scenario is don't win anything.
"Have patience with Winners and impatience with Losers"
Lesson learn : Capital gain over Dividend
2 Days back before Kepcorp XD it was at 9.4+. It was giving dividend of 0.16 cent per lot. The effective gap down should be 9.40 - 0.16 = 9.24. Yesterday after it XD, it ended 9.12.
Alway take capital gain over dividend paid out. Do not be greedy, infact 2 days before XD should have taken profit.
Bought $9.02 and sold $9.38. Never sold at 9.4+ is a regret. I have set myself a profit protection at 9.40. When $9.40 breaks, its a sell signal.
Alway take capital gain over dividend paid out. Do not be greedy, infact 2 days before XD should have taken profit.
Bought $9.02 and sold $9.38. Never sold at 9.4+ is a regret. I have set myself a profit protection at 9.40. When $9.40 breaks, its a sell signal.
Thursday, July 22, 2010
My Aim for 2010-2011
Times flies it has being 6 months since I have joined CAE. At first I was fearful of the working environment but so far it has being good. I have learned a lot of stuff like:
What I wish to do is aim for 2k per month from trading. Each trade will be mininum 10lots as confidence built-up. I have seen how my good friend do it in the market (the minority that has done it) and I am learning things from him everyday. I will not consider myself a success unless I can emulate him to earn a living out of the market alone. Give me 2 years and I aim to have another property and a BMW. Mark this date 22nd of July 2010.
I will be the head and not the tail, above and not beneath. If others can do it, why not me? God has empowers me to do anything. Although I no longer is participating in church, deep down I still love God and I will go back to Him. I have sacrificed in the past which I believe God will always remember. I hope CHC saga will be resolved soon. I really hope the allegation is not true but sadly to say I believe God is doing a trimming job.
- Writing ATP/SDD
- Thorough Software Design
- Design my own network subnets
- Use Winproxy to share Internet connection
- RCS & Socket
- Control LCDs and U-Box
- Cable testing
What I wish to do is aim for 2k per month from trading. Each trade will be mininum 10lots as confidence built-up. I have seen how my good friend do it in the market (the minority that has done it) and I am learning things from him everyday. I will not consider myself a success unless I can emulate him to earn a living out of the market alone. Give me 2 years and I aim to have another property and a BMW. Mark this date 22nd of July 2010.
I will be the head and not the tail, above and not beneath. If others can do it, why not me? God has empowers me to do anything. Although I no longer is participating in church, deep down I still love God and I will go back to Him. I have sacrificed in the past which I believe God will always remember. I hope CHC saga will be resolved soon. I really hope the allegation is not true but sadly to say I believe God is doing a trimming job.
Monday, July 19, 2010
What is wrong?
I just can't figure what is in my dad's mind. Whatever he has done, he is still my father. I am what I am today because I have learn the virtues of saving money and taking care of things. I just want to write it down to let go:
1) Last year in Sept 2009, every one including my brother gives something to my child during her birthday. My dad didn't even gave anything. My wife and I are very upset.
2) Father day and my dad's birthday dinner had consistently being he ordered "suckling pig", "fish", "peking ducks". Regular dinner that usually cost 100plus now becomes 500-600. What is he thinking? I am upset by his attitude of "eating" people even his own sons.
3) Ask him to fetch ah ma and co to my new house, end up getting "some other days".
4) Bought Ah ma to new house with new car. She was overjoyed. But at my birthday dinner, my wife and I was shock no-one even ask about the car as though nothing has happened. Dinner was very tense. I hate the feeling. Aren't he proud of his son. It seems that the more successfully I am, the more unacceptive he is.
1) Last year in Sept 2009, every one including my brother gives something to my child during her birthday. My dad didn't even gave anything. My wife and I are very upset.
2) Father day and my dad's birthday dinner had consistently being he ordered "suckling pig", "fish", "peking ducks". Regular dinner that usually cost 100plus now becomes 500-600. What is he thinking? I am upset by his attitude of "eating" people even his own sons.
3) Ask him to fetch ah ma and co to my new house, end up getting "some other days".
4) Bought Ah ma to new house with new car. She was overjoyed. But at my birthday dinner, my wife and I was shock no-one even ask about the car as though nothing has happened. Dinner was very tense. I hate the feeling. Aren't he proud of his son. It seems that the more successfully I am, the more unacceptive he is.
Got Myself a Birthday Gift - 13th July 2010
Bought a 5 years old Volvo for $50000. Mileage at 53500km
Friday, March 26, 2010
Suntec for CHC
There is a lot of discussion since CHC bought a stake in ARA Harmony Fund.
Most of the discussion offers little encouragement. Here are some of the highlights and my personal comments:
Why do we need such a big place?If yes why choose Suntec? Sembawang have alot of space.
CHC have 30000 members. It is conducting 4 back to back main services on Saturday and Sunday at Jurong West and Singapore Expo. Therefore it is only logical and render more effective to find a place big enough to house 12000 for a single or two services.
Suntec is readily available and it is central to all parts of Singapore. With due respect to the likes of Sembawang, it in highly inaccessible. The next best possible site is Jurong East which is a far-cry convenient to the easterners. Any new site would require time to get the building up. By the time the building is up, CHC would probably have started its 6 services.
Do we overpaid the 310 SGD million?
I think CHC could have pay a bit high for the stake but the future value would appreciate inevitable over time. We are here to stay for a long time. If CHC didn't pay higher than market rate, would the sellers be tempted?
Why so much cristism?
People are not use to seeing churches in shopping centers. I have heard of people saying, CHC is not like church at all, a church should be like the ones in Europe. If CHC is like traditional kind of congregation, I would be the first to fell asleep attending the service. It is all about being effective and relevant. If CHC is not effective, would it outgrow its Jurong and Expo premises? All these problems would not have arise then.
Most of the discussion offers little encouragement. Here are some of the highlights and my personal comments:
Why do we need such a big place?If yes why choose Suntec? Sembawang have alot of space.
CHC have 30000 members. It is conducting 4 back to back main services on Saturday and Sunday at Jurong West and Singapore Expo. Therefore it is only logical and render more effective to find a place big enough to house 12000 for a single or two services.
Suntec is readily available and it is central to all parts of Singapore. With due respect to the likes of Sembawang, it in highly inaccessible. The next best possible site is Jurong East which is a far-cry convenient to the easterners. Any new site would require time to get the building up. By the time the building is up, CHC would probably have started its 6 services.
Do we overpaid the 310 SGD million?
I think CHC could have pay a bit high for the stake but the future value would appreciate inevitable over time. We are here to stay for a long time. If CHC didn't pay higher than market rate, would the sellers be tempted?
Why so much cristism?
People are not use to seeing churches in shopping centers. I have heard of people saying, CHC is not like church at all, a church should be like the ones in Europe. If CHC is like traditional kind of congregation, I would be the first to fell asleep attending the service. It is all about being effective and relevant. If CHC is not effective, would it outgrow its Jurong and Expo premises? All these problems would not have arise then.
Friday, March 19, 2010
1 Year Review - 2009
Alot had happened for the past 1 year. I thank God for everything.
Here is the summary on a monthly basis:
Feb 09:
-ITE pay 2-3 months for holidays to leave conversion. On top of that, they increase my pay by 6%. It was a welcome move which we thought is long dead given the worst financial meltdow ever since the great depression.
-Bought my new apartment at telok kurau at a bargain $630/psf. Paid $164k in cash for deposit. End up with 2.5k in my bank account. This is the poorest state I am in. Me and wife surrrendered most of our insurance policies at a loss.
-Before long, we decided to rent out of out house. We moved on 4th Feb to my in-laws place. Rent was not too good but nevertheless is a good way to build up our finances.
Mar 09:
-Joined Tony cell group for awhile.
Apr 09-May 09:
-Taught CET class for 15 lessons (1.5months). Bring in $2250.
-Wife have a 15% pay-cut in MGdigital and have no 13th month or bonuses for the last working year. It was morale depressing till we had to adjust our expenses and budget to meet the given challenges.
July 09:
-Took part in CodeExtremeApps competition and won merit awards. This was a gruesome 24-hr competition. I am impress with coding ability of my colleague Chee Aik.
Sept 09:
-2 weeks attachment with CAE. I thougt Raymond would not have agreed to it but stranger thing have had happened. End up work parttime for them in the evening and weekends which bringly in extra 2-3k. Although it is tiring, I enjoyed the experience. I have left my coding boot behind since the THALES days.
Oct 09:
-Relief for CET class for 2 weeks as my colleague Hanley is in reservist. Bring in $450 for the month.
-Wife graduated from Kaplan. $18.5K for 18 months of study. I hope the newly acquired degree would bring back a good ROI.
Nov 09:
-CAE offered me to sign for them and willing to wait for me 3-4 months, give me pay increment and sign-on bonus. No interview or medical checkup conducted.
-Wife took part-time job at exploilt for $1.8K while looking for a full time. It was little but it helps to relieve our financial stress since our little VALENCIA is studying nursery classes which will incur around $350 monthly.
Dec 09:
-Quit ITE. I love ITE. I have worked for 4 years. Pay is reasonable but this is a special profession. Infact I took a pay cut to come in. Although not highly paid, I manage to amass most of my wealth here by collecting bonuses, teaching part-time CET classes, doing assignment for RMIT student and playing stocks. From 2.5k in Feb, I have 18K personally without counting our 20k for rental. Trully, a little in the master hand become so much more. This is where I got married and start my own family. I have my little precious VALENCIA here.
Feb 10:
-Seems that job market is still not improving as my wife is having no breakthrough in here job hunting.
Mar 10:
-My wife finally land a full-time job in A*star. PTL, she had being working parttime in exploit for 6 months. We were under tremendous stress. I remember she gave here first fruit to the building fund before she landed her new job. God is just great. Suntec for CHC is beyond our wildest dream.
-Guess what I have won the Staff commendation award after I have left ITE.
Here is the summary on a monthly basis:
Feb 09:
-ITE pay 2-3 months for holidays to leave conversion. On top of that, they increase my pay by 6%. It was a welcome move which we thought is long dead given the worst financial meltdow ever since the great depression.
-Bought my new apartment at telok kurau at a bargain $630/psf. Paid $164k in cash for deposit. End up with 2.5k in my bank account. This is the poorest state I am in. Me and wife surrrendered most of our insurance policies at a loss.
-Before long, we decided to rent out of out house. We moved on 4th Feb to my in-laws place. Rent was not too good but nevertheless is a good way to build up our finances.
Mar 09:
-Joined Tony cell group for awhile.
Apr 09-May 09:
-Taught CET class for 15 lessons (1.5months). Bring in $2250.
-Wife have a 15% pay-cut in MGdigital and have no 13th month or bonuses for the last working year. It was morale depressing till we had to adjust our expenses and budget to meet the given challenges.
July 09:
-Took part in CodeExtremeApps competition and won merit awards. This was a gruesome 24-hr competition. I am impress with coding ability of my colleague Chee Aik.
Sept 09:
-2 weeks attachment with CAE. I thougt Raymond would not have agreed to it but stranger thing have had happened. End up work parttime for them in the evening and weekends which bringly in extra 2-3k. Although it is tiring, I enjoyed the experience. I have left my coding boot behind since the THALES days.
Oct 09:
-Relief for CET class for 2 weeks as my colleague Hanley is in reservist. Bring in $450 for the month.
-Wife graduated from Kaplan. $18.5K for 18 months of study. I hope the newly acquired degree would bring back a good ROI.
Nov 09:
-CAE offered me to sign for them and willing to wait for me 3-4 months, give me pay increment and sign-on bonus. No interview or medical checkup conducted.
-Wife took part-time job at exploilt for $1.8K while looking for a full time. It was little but it helps to relieve our financial stress since our little VALENCIA is studying nursery classes which will incur around $350 monthly.
Dec 09:
-Quit ITE. I love ITE. I have worked for 4 years. Pay is reasonable but this is a special profession. Infact I took a pay cut to come in. Although not highly paid, I manage to amass most of my wealth here by collecting bonuses, teaching part-time CET classes, doing assignment for RMIT student and playing stocks. From 2.5k in Feb, I have 18K personally without counting our 20k for rental. Trully, a little in the master hand become so much more. This is where I got married and start my own family. I have my little precious VALENCIA here.
Feb 10:
-Seems that job market is still not improving as my wife is having no breakthrough in here job hunting.
Mar 10:
-My wife finally land a full-time job in A*star. PTL, she had being working parttime in exploit for 6 months. We were under tremendous stress. I remember she gave here first fruit to the building fund before she landed her new job. God is just great. Suntec for CHC is beyond our wildest dream.
-Guess what I have won the Staff commendation award after I have left ITE.
Renewing your mind
| Industrial Age | Information Age |
| Job Security, Tenure | Free agent, virtual Companies |
| Seniority | Paid for results |
| One job | Many professions |
| Work until sixty-five | Retire early |
| Schools | Seminar |
| Degrees and credentials | Core talents |
| Old knowledge | New ideas |
| Company retirement plan | Self-directed portfolio |
| Work at company | Work at home |
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